GUJARAT URJA VIKAS NIGAM LTD. vs EMCO LTD. .

The Supreme Court addressed the validity of the tariff set by the Gujarat Electricity Regulatory Commission under Sections 61(h), 62(1)(a), and 86(1)(e) of the Electricity Act, 2003. The Court upheld the tariff order which fixed the procurement price for solar energy at Rs.15 per kWh for the first 12 years and Rs.5 per kWh for the subsequent years, affirming that the Commission had considered all relevant factors including depreciation rates. The appeal was dismissed, confirming the Commission's authority to set tariffs based on statutory provisions.